iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU) Hits New 12-Month High – Should You Buy?

iShares MSCI Intl Value Factor ETF (NYSEARCA:IVLU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $31.23 and last traded at $31.20, with a volume of 32245 shares trading hands. The stock had previously closed at $30.91.

iShares MSCI Intl Value Factor ETF Price Performance

The stock has a 50 day simple moving average of $28.91 and a 200-day simple moving average of $28.50. The firm has a market cap of $2.07 billion, a PE ratio of 11.43 and a beta of 0.78.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IVLU. PNC Financial Services Group Inc. raised its stake in shares of iShares MSCI Intl Value Factor ETF by 342.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,629 shares of the company’s stock worth $44,000 after purchasing an additional 1,261 shares during the last quarter. Assetmark Inc. bought a new stake in shares of iShares MSCI Intl Value Factor ETF in the third quarter worth $57,000. Wells Fargo & Company MN grew its holdings in shares of iShares MSCI Intl Value Factor ETF by 248,000.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,481 shares of the company’s stock worth $67,000 after acquiring an additional 2,480 shares during the period. Bruce G. Allen Investments LLC bought a new stake in shares of iShares MSCI Intl Value Factor ETF in the fourth quarter worth $78,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of iShares MSCI Intl Value Factor ETF by 136.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,318 shares of the company’s stock worth $90,000 after acquiring an additional 1,915 shares during the period.

About iShares MSCI Intl Value Factor ETF

The iShares Edge MSCI Intl Value Factor ETF (IVLU) is an exchange-traded fund that is based on the MSCI World ex USA Enhanced Value index. The fund tracks an index of large- and mid-cap developed ex-US equities, selected using fundamental metrics, and weighted by these metrics and market-cap. IVLU was launched on Jun 16, 2015 and is managed by BlackRock.